Perspective About Recent Market Turbulence

There are no two ways about it – these last two weeks have been very trying.  Sectors were crushed. Oil slipped below $38 a barrel then shot back up over 27%. Individual stocks broke 52-week lows… then some yo-yoed to new highs. This experience will expose the difference between “traders” and “investors”… and what lessons […]

Armageddon on a Pita Roll

Is the Market Expecting Armageddon on a Pita Roll? Did you know there’s a Great Depression taking place?  Not here in the United States, but in Greece. The cradle of Western democracy has tumbled hard in the past six years, and it looks like it has a lot more pain to bear.  Why is Greece […]

Photo Highlights from Our Annual Client Holiday Party 2014

On December 4, 2014 we hosted our annual client holiday celebration at the Black Rock Country Club in Hingham.  Ron & Sharyn Papa treated their clients to a buffet dinner and a comedy/magic show put on by award-winning professional Magician and Entertainer, Matt Roberts.  We thank our guests for making the event a joyful and […]

An Explanation for Why We Haven’t Seen A Correction

This chart shows the price action of the S&P 500 since the last official correction back in the second quarter of 2012, and the red portions indicated each market selloff greater than 3% since then. Let me point to three important observations: Markets Dip Often:  Investors were forced to endure ten separate instances of the […]

Legacy Advisors Retirement Income Quiz

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Restoring Trust in the Financial Planning Industry

In tumultuous economic times, and after numerous financial scandals and stories of outrageous financial prophets, more than a few fortunes were soon parted from their unknowing owners. The financial services industry has always had a black eye.  A Harris Interactive poll was done a few years ago asking Americans whether they trust the advice they’re […]

It’s Not What You Know, It’s What You Don’t Do…

Traditional Financial Advice Has Failed – And the Statistics Prove It:   More than 95% of the population is failing to retire with financial security. – U.S. Department of Health Education and Welfare For the twenty years ending in 2013, the S&P 500 Index averaged 9.22% a year. The average equity fund investor earned a […]

Does Your Life Expectancy Depend Upon Where You Live?

You might think that it doesn’t matter, but it does.   The state in which you live could affect your life expectancy – especially if you are healthy. According to a new government report that looked at the state-specific life expectancies of healthy 65-year-olds, where you live matters a lot.  For instance, for both sexes, […]

Getting Real about Funding Long-Term Care

Women are especially vulnerable financially because they have longer life expectancies than men, and are often left without enough savings after their spouses pass on. According to a “Women and Long-Term Care” fact sheet published by AARP: Over 70% of nursing home residents are women 70% of women 75 or older are widowed, divorced, or […]

New IRS Ruling about IRA Transfers vs. Rollovers: What’s the Difference?

A new ruling from the IRS could mean big changes for retirement assets.   As a result of a recent U.S. Tax Court decision, the IRS has changed its interpretation of the “once per year” IRA rollover rule to mean exactly that:  Only one IRA-to-IRA rollover is permitted during a 365-day period from any of […]